Tax Insights > Economic Stimulus Package 2020

Economic Stimulus Package 2020

February 27, 2020 Tax Insights

The much-anticipated Economic Stimulus Package 2020 (ESP 2020) was announced on 27 February 2020. Valued at RM20 billion, the stimulus package is intended to boost the sluggish economy amid the COVID-19 outbreak. This package is anchored on three strategies:

  • Strategy 1: Mitigating the impact of COVID-19
    1. Easing cashflow of businesses
    2. Assisting affected individuals
    3. Stimulating demand for the domestic travel and tourism sector
  • Strategy 2: Spurring rakyat-centric economic growth
  • Strategy 3: Promoting quality investments

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For more information, please contact:

Celine See
Tricor Services (Malaysia) Sdn Bhd
Director, Business Development

Tel: +6 03 2783 9191
Email: [email protected]

For other Tricor services, please email to [email protected] or visit to www.tricorglobal.com

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